Fall is approaching, but can we enjoy it safely? Here are some ways to have pumpkin-spiced fun this fall – despite the coronavirus pandemic.
Although buying a vacation home is a common financial goal, many find that the hassles outweigh the benefits. The pandemic has created a shift in how we see the value of properties, as well as vacations, so we’ve put together three reasons why a vacation home might be a long-term life value addition.
We may not have spent all that much time at home before the quarantine, but as jobs are moving online our homes are where we eat, sleep, work and play. Read on to learn about some ways that our homes could change, for the better.
Travel plans may be disrupted right now, but there are still opportunities to get outside and stay safe during the coronavirus pandemic. Read more about ways to get away during the pandemic here.
Vacation homes can provide decades of enjoyment, and untold memories. The home itself can even last for multiple generations within your family. On the flip side, these homes can create an extra layer of headache, stress and expense that can often seem to be more trouble than it’s worth.
According to AARP, baby boomers expected to take an average of 4-5 trips during 2019. Retired boomers who plan to travel more might even exceed that pace once they’re no longer working. Over the course of a typical 20-30-year retirement, that’s an awful lot of beaches, athletic resorts, and bucket list landmarks getting crossed off.
Once the kids are moved out, it’s just you, your spouse, and whatever is still boxed up in extra bedrooms and the basement. Whether you’re looking for joy or just a little less space and stuff to manage, you might be thinking about decluttering and “downsizing” into a smaller home before you retire.
A rustic cabin. a seaside cottage. Has it been a lifelong dream of yours to own a second home? Buying a vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the attributes of the home, its rental potential, and the income tax treatment.
Your home is an important part of your financial plan because we have to consider your rent or mortgage, utility bills, maintenance, and taxes as part of your monthly and long-term financial picture. But to get the best life possible with the money you have, your home should also be a safe place that makes you feel comfortable and relaxed.